More work needs to be done on FATF action plan, admits Hammad Azhar

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ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar said Pakistan has targeted to complete all items on its Financial Action Task Force (FATF) action plan and upgrade from its grey list to the white list in 2020.

Taking to Twitter yesterday, the federal minister maintained the FATF has noted progress already achieved by Pakistan during the last one year and especially in the last four months. However, more work needs to be done as our action plan is perhaps the most ambitious and challenging ever handed out to any country, he added.

Azhar said a coordinated effort from all regulators, LEAs, federal and provincial government departments is already underway in this regards.

FATF President Xiangmin Liu, while expressing satisfaction over steps against terrorism and corruption, had on Friday announced that Pakistan will remain on its Grey List till February 2020.

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